Authorization for obtaining and appropriating money

  1. Law
  2. Arkansas Code
  3. Local Government
  4. Economic Development And Tourism Generally
  5. Local Job Creation, Job Expansion, and Economic Development Act of 2017
  6. Authorization for obtaining and appropriating money

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  1. (a) A municipality or county may obtain or appropriate money for a corporation, association, institution, political subdivision of the state, the United States Government, or an individual to:

    1. (1) Finance economic development projects; or

    2. (2) Provide economic development services.

  2. (b) Funds appropriated by a municipality or county under the authority of this section shall be deemed to further the public purpose of economic development.


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